[talking over each other] cheryl: we will talk to ruby tuesday's e o and ask how healthcare is impacting his hiring plans. you might find yourself eyeing the 2012 calendar with more scrutiny after facebook but fred lane is here to tell you how to spot the next big ipo and avoid the flock. raymond james's investment vice-chairman. great to talk to you. the ipo spectrum overall for 2012 you get a sort of response from most investors. why do you say we could have had some big winners. >> we look at tech i p os and the winners have outnumbered losers 3-1. cheryl: i brought up facebook. >> that was a $15 billion ipo end gets a lot of prominence and media attention as it should. it is down 33%. the idea market is in terrible shambles. is not. actually the number of deals coming to market is up overall ipos up 34% versus last year in terms of a number of deals looking at q3 and looking at q32012 vs 2011 up 100%. i have a good memory. wasn't long ago that in 2009-2010-2011, we just were not seeing much in the way of ipos at all. it is a positive sign in terms of capital markets functioning that